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Reichhold, Momentive and Albemarle Announce Increase in Resin Price

Published on 2010-11-24. Author : SpecialChem

The Leading Companies Reichhold, Momentive and Albemarle have decided to increase the price of some of their products, as listed in the table below. This price increase is necessary to support continued investment in reliable supply.

Country

Company

Product Name

Price Increase

Date

North America Reichhold, Inc Unsaturated Polyester and Vinyl Ester Resins $0.06 per pound December 20, 2010
North America Momentive Specialty Chemicals Alkyd and Oil Modified Polyurethane Resins $0.04 to $0.08 per pound December 10, 2010
Europe, the Middle East and Africa Momentive Specialty Chemicals Albester™, Albemast™, Albecor™ and Albecor-Bio™ powder polyester resins 0,07 to 0,09 €/Kg. December 1, 2010
Globally Albemarle SAYTEX® BT-93W and SAYTEX® BT-93 25 % January 1, 2011 or as applicable contracts allow:
Globally Albemarle MARTINAL® LE grades 25 % January 1, 2011 or as applicable contracts allow:
Globally Albemarle MARTINAL® LEO grades 20 % January 1, 2011 or as applicable contracts allow:
Globally Albemarle SAYTEX® 102E $1.50/kg January 1, 2011 or as applicable contracts allow:
Globally Albemarle SAYTEX® 4010 $0.70/kg January 1, 2011 or as applicable contracts allow:
Globally Albemarle SAYTEX® 8010 $0.70/kg January 1, 2011 or as applicable contracts allow:
Globally Albemarle SAYTEX® HP-900 (P)/(G) $0.50/kg January 1, 2011 or as applicable contracts allow:
Table 1: Price Increase Announcement by Leading Companies

This action is driven by the increase of raw materials, packaging and freight costs.

Written By : Specialchem Editorial Team
Based on information displayed on Reichhold, Momentive and Albemarle Industries


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